2012 News

AMT, expired tax breaks impact taxpayers of all income levels
Whether it is called “Taxmageddon” or the “fiscal cliff,” millions of taxpayers at all income levels are at risk of paying more in taxes this year. For some, this could mean owing money to the IRS instead of getting a tax refund as they have previously.
“The risks for… Read More

H&R Block Reviews Tax Implications of Forgiven Mortgage Debt
The 1.5 million homeowners1 in foreclosure -- and those facing it -- need to understand the different tax implications if the process is finalized by Dec. 31 versus next year. H&R Block (NYSE: HRB) explains that because the soon-to-expire Mortgage Relief Act allows up to $2… Read More

H&R Block advises taxpayers on extension filing deadline, Fresh Start payments and reviewing tax outlook
April 15 has a pretty good chance of remaining the No. 1 day for taxes, but Oct. 15 is likely a close second. This year, H&R Block (NYSE: HRB) offers three reasons Oct. 15 is important for taxpayers: (1) extension filers must… Read More

H&R Block, Inc. (NYSE: HRB) today announced financial results for its fiscal first quarter ended July 31, 2012. The company typically reports a first quarter operating loss due to the seasonality of its core U.S. tax business.
First Quarter 2013 Highlights(1)
Net loss from continuing operations improves 11 percent to $106 million, or… Read More

H&R Block advises equipment, search and relocation expenses can mean tax savings
Job placement services. Uniforms. Continuing education. As millions celebrate Labor Day with a day off work, it’s also a good time to take stock of what it costs employees to perform and keep their jobs. H&R Block (NYSE: HRB) advises taxpayers to… Read More

H&R Block, Inc. (NYSE: HRB) announced today that its wholly owned subsidiary, Block Financial LLC, entered into a new five-year, $1.5 billion Credit and Guarantee Agreement, which will expire on Aug. 17, 2017 unless extended pursuant to the terms of the agreement. Funds available under the new agreement may be used for general corporate… Read More

H&R Block, Inc. (NYSE: HRB) will report fiscal 2013 first quarter results on Wednesday, September 5, after the New York Stock Exchange market close. At that time, a copy of the press release will be available on the company's investor relations Web site at http://investors.hrblock.com.
At 4:30 p.m. Eastern, the company will host a… Read More

H&R Block advises on smart education tax breaks to save money
Considering the confusion surrounding diminishing tax breaks and tax-free ways to pay for school, H&R Block (NYSE: HRB) shares how parents and students can make smart tax and saving choices for education expenses. Some of the most commonly overlooked tax breaks are for… Read More

Statement from Kathy Pickering, Vice President, H&R Block Government Relations and Executive Director, The Tax Institute at H&R Block
“The health care law upheld by the Supreme Court will have enormous ramifications for how Americans file taxes each year going forward. Today’s ruling that the individual mandate is a tax underscores… Read More

Up to 1 in 6 Impacted by Expired Tax Benefits

Lynn Ebel, tax attorney at The Tax Institute, talks with the H&R Block newsroom about the impact expired tax benefits will have on taxpayers in 2015, including on teachers, students, homeowners and retirees.